Uploaded on Sep 1, 2018
Business owners struggling with finances should hire accountants or use accounting software to make things easier, but as companies grow, there are some basic financial conditions that entrepreneurs should know. to know more - call us -9914641983
Finance training in Chandigarh
Finance training in Chandigarh
Finance training in Chandigarh
Financial Terms Every Business Needs
to Know
Financial Ter s Every Business Needs
to Know
Assets
These are economic resources in which
there is a trade, in which the products
available in the inventory, office
furniture and supplies purchased, and
any trademark or copyright is owned by
them. These properties count towards
the value of a business because if they
experience difficult times they can be
sold.
Business expenditure is the cost that the company has to cost per
month, including rental, utility, legal costs, employee salaries,
contractor salaries, and marketing and advertising costs. In order to
stay financially financially, businesses are often encouraged to spend
as much as possible.
Bottom Line
At the end of the month, this business has earned or lost the total. The bottom line
is the final financial figure on an account holder. This term can also be used in the
context of either increase or decrease in terms of business income.
A financial report is a comprehensive account of a business transaction and
expense, which has been created to provide business monitoring for
financial matters. A financial report can be prepared for potential investors
such as internal use or external sources.
Similar to a financial report, a financial statement
lists all the business's financial activities. However,
a financial statement is usually a more formal
document, which is often issued by the lending
institution.
A cash flow statement shows the time that enters a business during a specific
period and exits. It usually consists of four main categories: operational activities,
investment activities, funding activities and supplemental information.
Income Statement
Accounts Receivable
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